Courts / Dublin / Report
Three bankers charged with €7.2 billion conspiracy
Summary
Three former senior officials from two financial services institutions are to stand trial for conspiring to mislead Anglo Irish Bank investors about €7.2 billion transactions between March and September 2008. The defendants are John Bowe (50), former head of capital markets at Anglo Irish Bank; Denis Casey (54), former chief executive of Irish Life and Permanent; and Peter Fitzpatrick (61), former director of finance at Irish Life and Permanent. They are accused of transferring €7.2 billion to Anglo Irish Bank to create a false impression that the bank had larger deposits, thereby inducing investors to make decisions on that premise. Bowe also faces an additional charge of falsifying accounts on 3 December 2008 under the Theft and Fraud Act. The men were arrested, charged, and remanded on bail with conditions, and are scheduled to appear again on 12 March for trial. The case is unrelated to the trial of former Anglo executives set for January 2014.
Who, what, where, when and why
What: Report matter: Three bankers charged with €7.2 billion conspiracy. Charges or matters: conspiracy to defraud; falsified accounts. Procedural stage: trial
When:
- September 2008 Other
- December 3, 2008 Incident
- March 12 Adjournment
- January 2014 Hearing Or Sentence
- March 1, 2008 Hearing Or Sentence
- 30th September 2008 Other
- 30 september 2008 Other
- 2013-12-18 Publication
Case subjects
Defendant
Charges: conspiracy to defraud (Alleged Or Contested)
Outcome: remanded on bail
Defendant
Charges: conspiracy to defraud; falsified accounts (Alleged Or Contested)
Outcome: remanded on bail
Defendant
Charges: conspiracy to defraud (Alleged Or Contested)
Outcome: remanded on bail
Defendant
Outcome: The three men, who have not yet indicated how they will plead, were remanded on bail in their own bonds of €1,000 along with €10,000 independent sureties which were sought due to the seriousness of the charges.
Defendant
Outcome: The three men, who have not yet indicated how they will plead, were remanded on bail in their own bonds of €1,000 along with €10,000 independent sureties which were sought due to the seriousness of the charges.
Defendant
Outcome: The three men, who have not yet indicated how they will plead, were remanded on bail in their own bonds of €1,000 along with €10,000 independent sureties which were sought due to the seriousness of the charges.
Places mentioned
- Dublin
- Dublin District Court
- Dublin Circuit Criminal Court
- taken to the Bridewell Garda station
Topics
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